The rupee weakened on Friday, falling 1.3 percent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country's external deficit. The rupee found support from the central bank's plan to ease hedging rules for exporters and importers, a move which is expected to increase supply of dollars. Dealers also cited ...

Jet Airways, which recently agreed to sell a 24 percent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs. Jet said its net loss was 4.96 billion rupees for its fiscal fourth-quarter ended March, compared with a net loss of 2.98 billion rupees reported a year earlier. Etihad's about $370 million investment in Jet is the first by an overseas operator in an Indian ...

Indian gold futures edged lower on Friday as a strong rupee offset gains in the world market, while demand was lacklustre in the physical market after many weeks of hectic buying. "We are entering into a lean season in India, so physical buyers will be on the sidelines as we have seen huge buying in April and May," said a trader with a private-run bank. The Reserve Bank of India (RBI) restricted ...

New Delhi: Gold prices on Friday extended losses for the third straight session by losing Rs 50 to Rs 26,950 per 10 grams on slackened demand at prevailing higher levels amid a weak global trend. However, silver found some buying support from industrial units and recovered by Rs 100 to Rs 44,100 per kg. Traders said slackened demand at prevailing higher levels amid a weak global trend mainly kept gold ...

Bangalore-based certified financial planner Anil Rego recalls how a client of his was sold a single-premium unit-linked insurance plan (Ulip) by a bank representative on the pretext of a high-return fixed deposit. Rego's client bought the argument and invested a handsome sum. It was only the following year when he got a reminder call for a premium payment that the gentleman realised he had been mis-sold ...

Sector funds are at the higher end of the risk spectrum, as they invest in individual sectors or themes that either could be the leaders or laggards of the season. This means that at times they do better than the broader market and at others, they lag way behind. For example, over a year, returns from banking funds were at 35.44 per cent, FMCG funds at 33.12 per cent while technology funds were 9.74 ...

Jet Airways, which recently agreed to sell a 24 percent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs. Jet said its net loss was 4.96 billion rupees for its fiscal fourth-quarter ended March, compared with a net loss of 2.98 billion rupees reported a year earlier. Etihad's about $370 million investment in Jet is the first by an overseas operator in an Indian ...

Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring.Lafley is taking on the roles of chairman, president and chief executive officer, effective immediately, while McDonald is set to retire on June 30 after 33 years at P&G.The move comes as some investors have pushed for ...

After a bright start on some bargain hunting, and a subsequent fall into the red, the Indian stock market rebounded swifty on Friday, but struggled to hold at higher levels as investors mostly chose to stay away on the sidelines due to lack of triggers.Though select blue chips made their way up on short covering and bargain hunting, the broad market had a choppy ride.The BSE benchmark Sensex, ...

Shares in Wockhardt Ltd plummeted as much as 19.3 percent on Friday to their lowest since August 2012, continuing to reel for the second day, after the U.S. Food and Drug Administration imposed an "import alert" on a plant operated by the generic drugmaker. Wockhardt shares had already slumped by their daily limit of 20 percent on Thursday on the U.S. FDA action. An "import alert", effectively ...

LONDON, May 24 (Reuters) - European shares fell for a second consecutive session on Friday, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus. The FTSEurofirst 300 provisionally closed down 2.83 points, or 0.2 percent, at 1,227.11, to end the week 1.7 percent lower. That first weekly fall in a month was driven by downbeat data from China and ...

* Durable goods orders rise more than expected * P&G shares climb after CEO replacement * Some retailers' stocks weak after results * Dow off 0.3 pct, S&P 500 off 0.5 pct, Nasdaq off 0.5 pct By Leah Schnurr NEW YORK, May 24 (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may ...

* Jet Airways Q4 loss widens, SpiceJet's narrows * Jet says Etihad deal will bring immediate revenue growth * Rising fares bode well for India's struggling airlines (Adds Jet comments, SpiceJet results) NEW DELHI, May 24 (Reuters) - India's Jet Airways and its smaller rival SpiceJet reported quarterly losses on Friday as fare increases were not sufficient to cover high costs of operations. ...

* Durable goods orders rise more than expected * P&G shares climb after CEO replacement * Some retailers' stocks weak after results * Dow off 0.3 pct, S&P 500 off 0.5 pct, Nasdaq off 0.5 pct By Leah Schnurr NEW YORK, May 24 (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may ...

MUMBAI, May 23 (Reuters) - India's NSE index provisionally posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. The broader NSE index provisionally fell 2.09 percent, marking its biggest daily percentage fall since May 8, 2012. ...

MUMBAI, May 21 (Reuters) - Indian shares fell for a second consecutive session on Tuesday to their lowest close in a week as recent outperforming blue chips such as ITC fell ahead of Federal Reserve events that could provide cues on the future of the U.S. stimulus programme. The U.S. central bank is set to release minutes from its last minute on Wednesday, while Fed Chairman Ben Bernanke is also ...